NEW U.S.-CHINA TRADE RELATIONS WILL RUIN SAIPAN GARMENT INDUSTRY: ARANZA

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SAIPAN, Northern Mariana Islands (Nov. 1, 2000 – Radio Australia)---Improved trade relations between the United States and China will contribute to the phase-out of the garment industry in the Northern Mariana Islands, according to Danny Aranza, Director, U.S. Office of Insular Affairs.

Mr. Aranza said the agreement would not only make it easier for Chinese goods to enter the U.S. market, it would also mean reduced quotas and tariffs.

Garments manufactured in the U.S. commonwealth currently are not subject to any of the import quotas or tariffs applied to the same products manufactured in foreign countries.

This has led to a flourishing garment industry in the Marianas worth US$ 80 million a year in revenue and taxes.

For additional reports from Radio Australia, go to PACIFIC ISLANDS REPORT News/Information Links: Radio/TV News/Radio Australia.

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